Search Results for citation:"89 FR 104601"

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Search Results: citation:"89 FR 104601"

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  • 2024-30519 — Data Collection Available for Public Comments
    Type:Notice
    Citation:89 FR 104601
    Reading Time:about a minute or two

    The Small Business Administration (SBA) is planning to seek approval from the Office of Management and Budget (OMB) to amend the data collection requirements related to the Small Business Investment Company (SBIC) program. According to the Paperwork Reduction Act (PRA), federal agencies must publish a notice and allow for a 60-day public comment period before submitting their information requests to OMB. The SBA is requesting public feedback on whether this information collection is necessary for its functions, and seeks suggestions on reducing the burden and improving information quality. Comments are due by February 21, 2025.

    Simple Explanation

    The Small Business Administration (SBA) wants to change some rules about how they collect information and are asking people to share their thoughts on this. They have to let everyone comment on it for two months to see if they can make it easier or better for everyone involved.

  • 2024-30543 — Rate for Assessment on Direct Payment of Fees to Representatives in 2025
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    Type:Notice
    Citation:89 FR 104601
    Reading Time:about a minute or two

    The Social Security Administration (SSA) has announced that the assessment percentage rate for fees paid directly to representatives under the Social Security Act will remain at 6.3 percent for the year 2025. This rate is the lower of two possible amounts: the specified dollar limit or the percentage necessary to recover the costs incurred by the SSA to determine and pay these fees. The maximum dollar limit for assessments is currently $120, having been adjusted for inflation, and will be revisited annually based on cost-of-living changes.

    Simple Explanation

    The Social Security Administration has decided that in 2025, helpers who get paid directly for assisting people with their claims will keep paying a fee of 6.3% of what they earn to cover the work of processing these payments.